ABU DHABI / WAM The number of trademarks renewed in the UAE in May exceeded 500, highlighting the significant confidence in the country as a leading regional centre for major international companies. Figures issued by relevant authorities, including the Ministry of Economy, show that the trademarks renewed in May include those from major companies from around the world. The previous ...
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Enoc opens new service station in DIP
DUBAI / WAM Enoc Group has announced the opening of a new service station in Dubai Investment Park (DIP) which will cater to the industrial and residential area located on route E77. This brings the total number of Enoc service stations to 145. Route E77 connects highways E611 and E311, as well as Dubai Investment Park Two, handling a significant ...
Read More »Fujairah oil product stocks rebound to record in June
FUJAIRAH / WAM Oil product stockpiles rebounded to a record high at the UAE’s East Coast Port of Fujairah as of June 1, led by gains in heavy fuels used in marine and power industries. The total stockpiles climbed 6.5 percent in the week ended June 1 to 30.71 million barrels, according to data released June 3 by the Fujairah ...
Read More »Expo Centre Sharjah marks Global Exhibitions Day 2020
Sharjah / WAM The Expo Centre Sharjah on Wednesday posted on its social media platforms a video highlighting the importance of conferences and exhibitions as a vital method for humanitarian and cultural communication, on the occasion of the Global Exhibitions Day 2020, which is observed on June 3 every year. The video also highlighted the key role of conferences and ...
Read More »Beijing bets on homegrown nuclear reactors
Bloomberg China probably won’t hit its nuclear energy target this year, but that’s unlikely to derail a broader ambition to become the planet’s chief proponent of the climate-friendly fuel by the end of the decade. In an energy mix that’ll still heavily feature coal and other fossil fuels, government researchers have said that nuclear capacity could more than double to ...
Read More »Solar power to cost less than coal soon
Bloomberg New solar and wind farms will soon cost less than many of the world’s coal-fired power plants, and governments should invest in them to boost economies amid the coronavirus, according to the International Renewable Energy Agency. Coal plants with a capacity of up to 1,200 gigawatts will probably be more expensive to run by next year than new, large-scale ...
Read More »Ayala leads $542m bid for Australia’s Infigen Energy
Bloomberg Infigen Energy, one of Australia’s biggest wind-farm operators, has received a takeover offer from a group backed by the Philippines’ Ayala Corp valuing the company at A$777 million ($542 million). The A$0.80-per-share bid from UAC Energy Holdings Pty is at a 36% premium to Infigen’s closing price. UAC, which is 75% controlled by Ayala, has already acquired a 12.8% ...
Read More »The world is watching Trump’s presidency
This unraveling presidency began with the Crybaby-in-Chief banging his spoon on his highchair tray to protest a photograph — a photograph — showing that his inauguration crowd the day before had been smaller than the one four years previous. Since then, this weak person’s idea of a strong person, this chest-pounding advertisement of his own gnawing insecurities, this low-rent Lear ...
Read More »Takeaway from Biden’s big speech
Former Vice President Joe Biden went to a church in Delaware to listen to voices of protest, then gave a speech in Philadelphia about what has happened in the country since George Floyd was killed in Minneapolis. Both appearances told us a lot about what a Biden presidency would look like. A while ago, I called Barack Obama’s high school ...
Read More »NetEase is returning home to go global
So get this. A US-listed, Cayman Islands-domiciled, Chinese internet company is seeking to sell shares in China, so that it can become more internationalised. That’s among the bizarre rationales for NetEase Inc’s offering in Hong Kong, 20 years after the company first debuted on the Nasdaq. The elephant in the room, which gets the briefest of mentions in its 458-page ...
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